Onto Innovation Inc. $ONTO Stake Increased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 67.7% during the second quarter, HoldingsChannel reports. The fund owned 193,504 shares of the semiconductor company’s stock after acquiring an additional 78,087 shares during the quarter. Penserra Capital Management LLC’s holdings in Onto Innovation were worth $19,530,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC bought a new position in shares of Onto Innovation during the first quarter worth about $217,000. Envestnet Asset Management Inc. increased its holdings in Onto Innovation by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 83,037 shares of the semiconductor company’s stock valued at $10,076,000 after buying an additional 2,910 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Onto Innovation by 2.6% during the first quarter. Crossmark Global Holdings Inc. now owns 3,860 shares of the semiconductor company’s stock valued at $468,000 after buying an additional 98 shares in the last quarter. State of Michigan Retirement System raised its stake in Onto Innovation by 0.9% during the first quarter. State of Michigan Retirement System now owns 11,800 shares of the semiconductor company’s stock valued at $1,432,000 after buying an additional 100 shares in the last quarter. Finally, Berbice Capital Management LLC lifted its holdings in Onto Innovation by 33.3% during the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company’s stock worth $49,000 after buying an additional 100 shares during the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ONTO has been the subject of a number of research analyst reports. Evercore ISI boosted their price target on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday. Benchmark decreased their price objective on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 8th. B. Riley boosted their target price on shares of Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Finally, Oppenheimer lifted their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

Onto Innovation Stock Performance

ONTO stock opened at $139.46 on Friday. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $228.42. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 34.52, a PEG ratio of 0.94 and a beta of 1.64. The stock’s fifty day moving average is $126.61 and its two-hundred day moving average is $111.08.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $218.19 million during the quarter, compared to analyst estimates of $220.23 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The company’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Onto Innovation Company Profile

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.